Vendor Master
Usage
Store information about your Vendors , that is used during Procurement.
Where to Find it
Menu Path : Purchasing -> Create Vendor
Navigation Shortcut : VM01 / VM02 / VM03
Field Descriptions
Vendor Number - A unique vendor number is generated by the system
Currency - Currency in which vendor balance is kept and you are billed.
Vendor language - Preferred communication language of the vendor.
Tax Code - Vendor tax code. Used by tax report to split tax into categories. Example A1(14 % VAT on goods) ,B1(14 % VAT on services).
Creditors Account - GL account where vendor balances is accumulated.
Example
Create a vendor account to purchase goods to resell.
Field |
Value |
Extra Information |
Vendor name |
All Your Needs |
|
Contact Person |
Johann |
Main contact at the vendor |
Currency |
ZAR |
South African Rands |
Vendor Language |
EN |
English |
Phone Number |
011 555 555 |
Vendor Phone Number |
Tax Code |
A1 |
14% Vat on Goods |
Creditor Account |
200100 |
Creditors Account |
|
Press |
Commit data to database |
Save